Comments for Ed Zollars, CPA CPE Materials

Comment on Construction Contractors: Special Tax and Accounting Considerations, October 28, 2010 by Ed Zollars, CPA

Ed Zollars, CPA — Mon, 24 Jan 2011 13:04:22 +0000

No, no real update has been made to that part of the manual by Lynn.

I don’t know who teaches the A&A courses in Ohio (I know the crew out here in Arizona, and I know a number of the tax instructors in Ohio) so I’m not sure who to consult. Out here I’d look for courses by Walter Haig or Kip Dellinger, but I don’t think either of them do courses in Ohio.

Comment on Construction Contractors: Special Tax and Accounting Considerations, October 28, 2010 by Tom Burns

Tom Burns — Tue, 18 Jan 2011 15:30:48 +0000

Ed:

I took this course in the fall of 2008 and was wondering if there has been any update to the Chapter 4 FIN 46R material since I took that class.

Thanks,

Tom Burns

Comment on Current Federal and Arizona Tax Developments (January 10, 2011) by Ed Zollars, CPA

Ed Zollars, CPA — Thu, 13 Jan 2011 14:32:43 +0000

The manual is now up on the site (see above). As well, Jena should have forwarded a copy to you. Sorry for the confusion over the manuals.

Comment on Current Federal and Arizona Tax Developments (January 10, 2011) by Travis Hutchison

Travis Hutchison — Tue, 11 Jan 2011 17:57:48 +0000

Ed: When you have an opportunity, please post or forward a PDF copy of the class materials we should have received yesterday.

Thankyou,
Travis Hutchison
BeachFleischman

Comment on Construction Contractors (October 22, 2009) by Ed Zollars, CPA

Ed Zollars, CPA — Thu, 29 Oct 2009 10:16:56 +0000

Short sales are going to be governed by Section 108 generally for the forgiveness of indebtedness, which will generally be the amount by which the lender reduces the principal. As a general rule that is ordinary income, but if you meet the proper conditions you might be able to exclude the gain under Section 108. Most likely options would be insolvency (if the taxpayer has total liabilities in excess of assets) or the qualified real estate indebtedness option.

One thing to watch, though, is whether the lender really released their claim from the taxpayer for any recourse amount. Lenders are known to let a sale go through (thus releasing their lien on the property) but still hold onto the right to pursue the borrower. In that case the forgiveness of indebtedness would not occur until either the lender did give up their rights or the rights expired under applicable law.

Comment on Construction Contractors (October 22, 2009) by Santo Messina

Santo Messina — Mon, 26 Oct 2009 16:59:38 +0000

Can you give me some more detail on selling a rental short. In the class I was not able to pickup all of it. A reference or a link would also be OK if you prefer.

Comment on Construction Contractors (October 22, 2009) by Ed Zollars, CPA

Ed Zollars, CPA — Fri, 23 Oct 2009 02:53:27 +0000

The material is going to stay online, so you don’t need to grab it today. It will always be listed on the course date (October 22).

Comment on Construction Contractors (October 22, 2009) by Vic Hausmaninger

Vic Hausmaninger — Thu, 22 Oct 2009 17:06:53 +0000

I am attending your presentation today at the Westin and opened up your website. This is really excellent!! I very much appreciate your efforts in putting all this together and making it so readily available–very kind of you!
Will this material be available in the future in some “archived” basis or do I need to print off now what I may need in the future? Also, I would like to talk to you about a few things. Please call me at the number below when you get some time–no rush.
Again, thanks for all this good information and a very good class today. Unfortunately I will have to leave early–pick up my son from UCLA and go to a Laker game
Have a good rest of the day and a safe trip home
Vic Hausmaninger
949-833-2815

Comment on Passthrough Entities – Advanced (October 20) by CPA CPE

CPA CPE — Tue, 20 Oct 2009 14:20:25 +0000

Excellent material! thanks for posting this.